Are there any good student loans out there for someone with bad credit?
Nov 19, 2009 in
Financial Aid
charlie6385
I am returning to school in the fall but am short a good amount of money. I need a loan to pay for the rest of the first year, but I have really bad credit due to poor judgment from a couple of years ago. Does anyone know of any places, programs, or banks that gives student loans to people with bad credit? Any help would be great!
I am returning to school in the fall but am short a good amount of money. I need a loan to pay for the rest of the first year, but I have really bad credit due to poor judgment from a couple of years ago. Does anyone know of any places, programs, or banks that gives student loans to people with bad credit? Any help would be great!
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5 comments
detroitguy73 on November 19, 2009 at 6:53 am
Check out Nelnet.com
finerob18 on November 22, 2009 at 11:48 am
my dad is a vice president of a bank and has been in banking for as long as i have been alive so he has taught me and my sibling alot about money and loans and all kinds of stuff like that. ALOT of places WILL work with you to give you a loan but because you said you have bad credit your interest rate will be higher than others. They do this because to them you are a liability and charging you the higher interest insures that they will get their money. But you will be able to get a loan.
sweetpee on November 25, 2009 at 3:40 am
You should try Sallie Mae website or J. C. Bank I believe that’s it or something to that extinct. Their really good and it is not based on credit like some banks. You can take out a private loan and go to whatever bank that is on the listing. My credit isn’t all that great and I’m about to start building my credit back and I was approved for a student loan for fall semester. I understand where you coming from because school can become very expensive. Try to get some grants too if you can at least it will go towards your education and you wil not have to pay it back. I hope it works out for you, good luck on school this fall!!!
Hot Blonde Chocolate on November 27, 2009 at 3:32 pm
if you qualify financially, you can get a stafford loan.
the less you make, the better
Sallie Mae on November 30, 2009 at 5:36 pm
The federal Stafford loan does not require a credit check or a co-signer. Explore federal loans before considering some of the private loans mentioned above.
Start by filling out your FAFSA (www.fafsa.ed.gov) and consult witht he financial aid office of the school you’re planning to attend. Their job is to help you find the best way to pay for school.